The Taxpayer First Act, which passed in 2019, has provisions that clarify and give transparency to a number of Internal Revenue Service (IRS) operations, including some that impact nonprofits.
IRS offered clarification of a few terms that might be of help to nonprofit financial managers when dealing with the regulator and trying to speak the same language that its employees do.
The foundation behind the right-wing Worldview Weekend Broadcast Network continues to tell donors their contributions are tax-deductible, although the group’s tax-exempt status was revoked by the Internal Revenue Service in May, CNN reported.
Grand Canyon University, the largest private Christian school in America, issued $1.2 billion in junk bonds late last year to complete paying off its transition from for-profit to non-profit status, a process it started in ...
As part of its mission to advocate for transparency, accountability, and the renewed credibility of Christian ministries, MinistryWatch keeps an updated database of financial data for the top 1,000 Christian ministries in the country.
A Colorado man was sentenced to one year and one day in prison on July 8 after creating a fake church and naming himself pastor so that he could evade taxes.
The Internal Revenue Service has reversed its decision to deny tax-exempt status for a Texas religious nonprofit group it said was too closely aligned with Republican values.
Individual giving across Florida has been in decline the past decade, except for affluent counties in the southeast and southwest parts of the state, raising concerns about the sustainability of current giving levels as more ...
A Canadian charity that drew fire after it was awarded a large government contract to provide pandemic aid is now facing scrutiny from donors who learned that memorial plaques honoring their loved ones had been ...
Politically active tax-exempt organizations no longer have to file information about their top donors to the Internal Revenue Service (IRS) under a rule change finalized last week by the Department of Treasury and IRS.
